Brown Corporation reported the following amounts at the end of the first year of operations, December 31, 20X1: Share capital $20,000; Sales revenue $95,000; Total assets $85,000, No dividends, and Total liabilities $35,000. What would shareholders' equity and total expenses be?

Shareholders equity, $80,000 and expenses $85,000

Shareholders equity, $50,000 and expenses $65,000

Shareholders equity, $80,000 and expenses $40,000

Shareholders equity, $60,000 and expenses $75,000